Answer the following statement(s) true (T) or false (F)
1. Oligopolists use pricing policies that encourage newcomers to enter the market.
2. Vertical mergers are often subject to antitrust probes.
3. A price war that includes undercutting strategies will lower prices for consumers.
4. Oligopolists often experience large economic profits year after year.
5. Non-collusive oligopoly resembles a military campaign or poker game in some respects.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
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The reserve ratio is 10 percent. Depositors regularly keep 10 percent of their deposits as cash. If the Fed buys $1 million of U.S. government securities, excess reserves
A) increase by $800,000. B) increase by $810,000. C) increase by $900,000. D) increase by $1 million.
The error term in a multiperiod regression
A) is serially correlated. B) causes OLS to be inconsistent. C) is serially correlated, but less so the longer the forecast horizon. D) is serially uncorrelated.
Which of the following types of shareholders can be categorized under institutional investors?
A. Inventory suppliers B. Traders C. Blockholders D. Insurance companies
Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. If 2014 is the base year, the inflation rate between 2014 and 2015 is
A. 12.4%. B. 17.6%. C. 19.1%. D. 23.2%.